Autoliv Inc Stock Forecast
Autoliv Inc stock price ended at $107.34 on Tuesday, after gaining 0.327%.
(Updated on Jul 02, 2024)
The Autoliv Inc stock price gained 0.327% on the last trading day (Tuesday, 2nd Jul 2024), rising from $106.99 to $107.34. During the last trading day the stock fluctuated 1.33% from a day low at $106.53 to a day high of $107.95. The price has fallen in 5 of the last 10 days and is down by -4.23% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 77 thousand more shares were traded than the day before. In total, 696 thousand shares were bought and sold for approximately $74.73 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $105.89 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -6.14% during the next 3 months and, with a 90% probability hold a price between $99.39 and $118.19 at the end of this 3-month period.
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ALV Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 27, 2024, and so far it has risen 0.99%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Autoliv Inc stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $107.88 and $117.88. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Autoliv Inc stock
Autoliv Inc finds support from accumulated volume at $106.99 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $1.42 between high and low, or 1.33%. For the last week, the stock has had daily average volatility of 1.60%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALV) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Autoliv Inc to open at $107.27, and during the day (based on 14 day Average True Range), to move between $104.85 and $109.83, which gives a possible trading interval of +/-$2.49 (+/-2.32%) up or down from last closing price. If Autoliv Inc takes out the full calculated possible swing range there will be an estimated 4.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $106.99 (0.33%) than the resistance at $108.80 (1.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Autoliv Inc stock A Buy?
Autoliv Inc holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.603 Sell Candidate Unchanged
Predicted Opening Price for Autoliv Inc of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| $107.27 ( 0.0621%) | $107.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALV
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 108.69 | 1.26% |
| R2 | 108.15 | 0.755% |
| R1 | 107.82 | 0.443% |
| Price | 107.34 | |
| S1 | 106.73 | -0.567% |
| S2 | 106.40 | -0.88% |
| S3 | 105.85 | -1.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 122.29 | 13.93% |
| R2 | 113.52 | 5.76% |
| R1 | 108.80 | 1.36% |
| Price | 107.34 | |
| S1 | 106.99 | -0.326% |
| S2 | 106.64 | -0.652% |
| S3 | 106.29 | -0.98% |
ALV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 22, 2024 | May 22, 2024 | Jun 12, 2024 | $0.680 | 0.597% |
| 2 | Feb 20, 2024 | Mar 11, 2024 | Mar 27, 2024 | $0.680 | 0.557% |
| 3 | Nov 09, 2023 | Nov 27, 2023 | Dec 13, 2023 | $0.680 | 0.663% |
| 4 | Sep 06, 2023 | Sep 06, 2023 | Sep 22, 2023 | $0.660 | 0.690% |
| 5 | May 10, 2023 | May 24, 2023 | Jun 13, 2023 | $0.660 | 0.738% |
FAQ
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